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Property details
Beds4
Baths1
Square feet1,687
Year built1956
Property typeSingle Family
CountyJefferson County
Proforma Turnkey End Buyer
Cash on Cash13.24%
Cap Rate8.56%
IRR27.25%
DSCR1.63x
ARV$220,000
Equity$5,000
Purchase & Financing
| Purchase price | $215,000 |
| Closing costs | $2,150 |
| Down payment (25%) | $53,750 |
| Loan amount | $161,250 |
| Loan points | $3,225 |
| Interest rate | 6.00% |
| Loan term | 30 years |
| Total out of pocket | $54,825 |
Income & Expenses
| Monthly | Annual | |
|---|---|---|
| Gross rent | $1,850 | $22,200 |
| Vacancy | ($37) | ($444) |
| Property taxes | ($62) | ($742) |
| Insurance | ($125) | ($1,500) |
| Maintenance | ($54) | ($653) |
| Net operating income | $1,572 | $18,861 |
| Mortgage (P&I) | ($967) | ($11,601) |
| Net cash flow | $605 | $7,260 |
View full proforma & projections
Projections are based on current rent, taxes, insurance and financing assumptions and are estimates only. Verify all figures independently before investing.
About this property
This property sits on a big lot! In good condition and rented! 24 month lease!
Lease Term – 4/21/25 – 4/20/27
2% SELLER CONCESSIONS TOWARDS BUYERS CLOSING COSTS!
*FREE PROPERTY MANAGEMENT FOR THE FIRST 12 MONTHS! 8% thereafter.